Generally Accepted Auditing Principles Generally Accepted Auditing Principles There are many different types of audits including financial statements audit‚ the operational audit and the compliance audit. Either an internal auditor or an external auditor from another firm can conduct these various audits. “The American Accounting Association defines auditing as a systematic process of objectively obtaining and evaluating the accounts of financial records of a governmental‚ business‚
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Burlingham Bees 1. AU 329 a. Based on the standards‚ describe the guidelines for developing an expectation and conducting analytical procedures when those procedures are intended to provide substantive evidence (para. 9-22). i. .09 Reliance on substantive tests: may be derived from tests of detail‚ from analytical procedures‚ or from a combination of both. The decision about which procedure to use is based on the auditor’s judgment. ii. .10 Level of assurance: analytical procedure
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Leianne M. Jacinto September 24‚ 2012 ------------------------------------------------- MBA REACTION PAPER #1 Management‚ when studied and applied has a broad spectrum. Not only do we have to consider the profit of an organization‚ but we also have to consider whether an organization and their production of goods lead to meeting the needs of the common good efficiently and effectively. Based on Peter Drucker’s Agency theory
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Counselor Ethics & Responsibilities Patrice Walker Grand Canyon University: PCN 505 09/18/2013 Ethics & Responsibilities Counselor’s ethics and responsibilities are a very important part of their job. There are ethical codes set for counselors to perform by. The responsibilities of counselors range and vary due to clients and their situations. One of a counselor’s main priorities is to protect their clients’ privacy. Counselors have the ethical responsibility to understand
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Ethics Paper Peggy Foster MGT 498 / Strategic Management January 26‚ 2011 Demetrius Holt Ethics Paper The purpose of this paper is to explain and define the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. This paper will include an example of a corporation overstepping ethical boundaries for stakeholder agendas‚ and what type of preventative measures were used to avoid to the situation. Business Ethics Business Ethics
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Tamira is in a professional dilemma that anyone in her position would find difficulty in knowing how to respond to her boss’s request to have up-to-date financial statements to share with the bank. She knows that there is not enough time to have the financial statements ready by when the president of the company needs them‚ so she follows the principle of conservatism and estimates the totals at a low level so the statements won’t look worse than they actually are. Tamira does not mention when handing
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Running head: Ethics Issues Paper Ethics Issues Paper Suzanne Clifton University of Phoenix Online MGT 216: Organizational Ethics and Social Responsibility Facilitator: Kristy Lewkut September 9‚ 2010 Ethics Issues Paper Ethics are a system of knowing right and wrong‚ and feeling that your actions taken fall into one category or the other. Sometimes the thin line between right and wrong is a bit hazy. In the corporate world ethics is known as business ethics. As defined by Crystal (2010)
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have good business ethics also. Toyota business ethics have come into question over its lack of concern for the safety of the consumer and for its desire to make as much money as possible‚ therefore Toyota had a major recall after owners of Toyota vehicles raised issue about the safety of Toyota’s vehicles. Business Ethics is very important subject to a work place and it demands that a company examines its behavior towards the outside world. “The field of business ethics deals with questions
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in other cases the item is removed along with any references to it. 5. For multi-location engagements‚ determine that all documents requested from other audit teams have been obtained and reviewed. 6. Remove all documents from the working papers that do not provide audit evidence supporting the auditor’s conclusions. 7. Consider the amount used for materiality. In some cases‚ revise the amount used for materiality when evaluating audit misstatements. Consider if additional procedures
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Facebook is a well know social networking site that has taken all over the world with over 500 million people using the site. Social networking sites such as Facebook share information about the user over the Internet‚ where it can be freely accessed by anyone. This is where issues of privacy to the individual arise. As of July 2010 Facebook has more than 500 million active users‚ Users may create a personal profile‚ add other users as friends and exchange messages‚ including automatic notifications
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